AppLovin (APP) News Today, 16 November 2025: Big Money Buys the Dip as AI Ad Giant Faces Scrutiny
Westpac Banking Corp and Cannon Advisors Inc. increased holdings in AppLovin during Q2, according to new SEC filings. AppLovin shares recently traded near $557, about 23% below recent highs, with a market cap of $171.5 billion. Q3 revenue rose 68% year over year to $1.41 billion, but the company remains under SEC investigation over data practices and faces a shareholder lawsuit.